Heterogeneous Convergence

Author/s

Andrew T. Young, Matthew J. Higgins and Daniel Levy

No.
2013-04
Date
PDF file

We use U.S. county-level data to estimate convergence rates for 22 individual states.  We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels.

JEL Codes: O40, O11, O18, O51, R11, H50, H70     

Key Words: Economic Growth, Conditional Convergence, Heterogeneity, U.S. County Level Data

 

Last Updated Date : 09/04/2013